EX-12.3 5 exhibit12_3.htm CIPS COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES CIPS Computation of Ratios of Earnings to Fixed Charges
Exhibit 12.3

Central Illinois Public Service Company
Computation of Ratios of Earnings to Fixed Charges and Combined
Fixed Charges and Preferred Stock Dividend Requirements
(Thousands of Dollars, Except Ratios)
         
 
Six Months
  
Year
  
 
Ended
  
Ended
  
 
June 30,
  
December 31,
  
 
2006
  
2005
  
Net income from continuing operations
$
12,328
  
$
42,998
  
Add- Taxes based on income
  
2,034
   
24,596
 
Net income before income taxes
  
14,362
   
67,594
 
             
Add- fixed charges:
            
Interest on long term debt
  
14,779
   
28,969
 
Estimated interest cost within rental expense
  
267
   
-
 
Amortization of net debt premium, discount,
and expenses
  
469
   
953
 
Total fixed charges
  
15,515
   
29,922
 
             
Earnings available for fixed charges
  
29,877
   
97,516
 
             
Ratio of earnings to fixed charges
  
1.92
   
3.25
 
             
Earnings required for combined fixed
charges and preferred stock dividends:
           
Preferred stock dividends
  
1,256
   
2,512
 
Adjustment to pre-tax basis
  
188
   
1,437
 
   
1,444
   
3,949
 
             
Combined fixed charges and preferred stock
dividend requirements
$
16,959
  
$
33,871
  
             
Ratio of earnings to combined fixed charges
and preferred stock dividend requirements
  
1.76
   
2.87